142
142
Aug 19, 2013
08/13
by
CNBC
tv
eye 142
favorite 0
quote 0
not in detroit they didn't. and those are the ones that ultimately have their hands on that crumbling city. i give rick snyder credit, the governor there, for standing up and saying we've got to do something about this. >> and you think the objections from 30 municipal unions, which is no surprise, you think that's going to work or is this going to be thrown out? >> no, i think in the end it's going to be thrown out. you've got to he can power the taxpayers to be in charge. >> we've got a million other questions about this and other things on the other side of the break. please stay with us. governor scott walker of wisconsin will be here. hero: if you had a chance to go anywhere in the world, but you had to leave right now, would you go? man: 'oh i can't go tonight' woman: 'i can't.' hero : that's what expedia asked me. host: book the flight but you have to go right now. hero: (laughs) and i just go? this is for real right? this is for real? i always said one day i'd go to china, just never thought it'd be toda
not in detroit they didn't. and those are the ones that ultimately have their hands on that crumbling city. i give rick snyder credit, the governor there, for standing up and saying we've got to do something about this. >> and you think the objections from 30 municipal unions, which is no surprise, you think that's going to work or is this going to be thrown out? >> no, i think in the end it's going to be thrown out. you've got to he can power the taxpayers to be in charge. >>...
46
46
Aug 12, 2013
08/13
by
FBC
tv
eye 46
favorite 0
quote 0
new buildings so what does detroit we do to make it out of the bankruptcy? >> there's been a lot of great things happening and we have been involved with that over the last two or three years to invest in the city. private investment is that the l-time high. that is certainly difficult but it isong overdue that this hpened so we have to address the problems of this city in the bankruptcy is difficult but it is giving us the opportunity to deal with legacy issues to come out the other side. we have to get through the bankruptcy process and that will take time but as we look at this we're bullish on the straight that they have greatalance and great infrastructure to have our renaissance like it deserves gerri: great's information we appreciate you coming on. , back. >> my pleasure. i am happy to come back. gerri: a lot still to come how to turn your part-time job into full-time and the they are sending your kid to college but what about loans for day care? i am not kidding. we will talk about it. next. (announcer) at scottrade, our clients trade and invest exa
new buildings so what does detroit we do to make it out of the bankruptcy? >> there's been a lot of great things happening and we have been involved with that over the last two or three years to invest in the city. private investment is that the l-time high. that is certainly difficult but it isong overdue that this hpened so we have to address the problems of this city in the bankruptcy is difficult but it is giving us the opportunity to deal with legacy issues to come out the other...
143
143
Aug 29, 2013
08/13
by
MSNBCW
tv
eye 143
favorite 0
quote 0
we're all about detroit today. what do you think detroit's best export is? music, cars, hockey, all kind of stuff. tweet us #waytooearly. we'll have the best ones later in the show. i have one i love coming into my inbox. can you say inbox on twitter, jen? still ahead on "way too early." shocking revelations and a new report about aaron hernandez. the alleged drug use and which specific drug he was using that may have played a part in the downfall. >> also the sound of detroit. it's fantastic. we'll take you to the motown museum to show you how one man's vision turned into the musical revolution of an entire country. that when we come back. [ male announcer ] come to the golden opportunity sales event to experience the precision handling of the lexus performance vehicles, including the gs and all-new is. ♪ this is the pursuit of perfection. is that true? says here that cheerios has whole grain oats that can help remove some cholesterol, and that's heart healthy. ♪ [ dad ] jan? it's delicious. so now we've turned her toffee into a business. my goal was to
we're all about detroit today. what do you think detroit's best export is? music, cars, hockey, all kind of stuff. tweet us #waytooearly. we'll have the best ones later in the show. i have one i love coming into my inbox. can you say inbox on twitter, jen? still ahead on "way too early." shocking revelations and a new report about aaron hernandez. the alleged drug use and which specific drug he was using that may have played a part in the downfall. >> also the sound of detroit....
111
111
Aug 30, 2013
08/13
by
FBC
tv
eye 111
favorite 0
quote 0
bring detroit back because people invested detroit. john: you wrote the book to try to explain this to people. it's titled belle isle, the detroit game changer. the new york times, i'm not surprised to must near you. the writer said that the book has the hero landi on the rooftop helipad of the 57 story hotel. it makes the entire scheme very easy to mock as objective is to fan fiction. objective is referring to eyeing rand. you are a fan of hers. >> i am. hn: you talk of having a billion dollars, trying to buy this from the city. within this city would gym but that. politicians often surprise me. detroit city council members don't want to give up much of anything when michigan's governor offered to have the state takeover belle island park since detroit can't even afford to maintain it, local politicians screamed. >> you may not take over bell island. it belongs to the people. john: it belongs to the people, not to you. >> this would create a lot of jobs and opportunity. right now there's no hope for the future. this would create that
bring detroit back because people invested detroit. john: you wrote the book to try to explain this to people. it's titled belle isle, the detroit game changer. the new york times, i'm not surprised to must near you. the writer said that the book has the hero landi on the rooftop helipad of the 57 story hotel. it makes the entire scheme very easy to mock as objective is to fan fiction. objective is referring to eyeing rand. you are a fan of hers. >> i am. hn: you talk of having a billion...
135
135
Aug 29, 2013
08/13
by
MSNBCW
tv
eye 135
favorite 0
quote 0
that's a big question, something that detroit is grappling with. today kevin orr is right, there is huge investment, billions of investment in downtown. the current mayor actually did a fabulous job of convening the philanthropic community and a whole bunch of stakeholders to do a very detroit futures city plan, which is awesome, but the question is how can you get it done? detroit has got 20 square miles of vacant land. 60,000 lots of vacant land. it's a huge responsibility, but it's also a huge opportunity. use that to say, urban pioneers, come to detroit. for $5 we'll give you a plat. you can't speculation, just hold on to it. make a go of it. that's the big opportunity for detroit. >> lee saunders, your reaction to the workers may have to give up more? >> i think it's ridiculous. first of all, i think the attack on the pensions of the 22, 23,000 workers who have given their lives to public service, averaging $19,000 a year, and their pensions are on the line. i just don't think it's right. we think it's an unconstitutional act, we think it's im
that's a big question, something that detroit is grappling with. today kevin orr is right, there is huge investment, billions of investment in downtown. the current mayor actually did a fabulous job of convening the philanthropic community and a whole bunch of stakeholders to do a very detroit futures city plan, which is awesome, but the question is how can you get it done? detroit has got 20 square miles of vacant land. 60,000 lots of vacant land. it's a huge responsibility, but it's also a...
75
75
Aug 13, 2013
08/13
by
FBC
tv
eye 75
favorite 0
quote 0
. >> you see it happening at local level, detroit, cleveland, cincinnati, pittsburgh, kansas city, every time they raisin come taxeraisincome taxes the p, cities like kansas and st. louis, said if we fry to try to hike taxes on income we have to revisit the law to make sure we do not lose population. neil: going around them so maybe rich don't notice? >> it about why we need tax reform. so complicated, that people say enough, they throw up hands say enough, i think this shows we need to comp hencively reform u.s. tax code. neil: do you know what i think. when you leave your country over tax rates -- >> on some levels, my sympathy goes with the little guy, who is caught up in this. neil: are you a citizen in both country? >> i am a green card holder here. neil: you have kissed the -- >> no, i am still a citizen. >> there is a double jeopardy rule. we have a treaty, brits and americans do still talk. neil: we love you to date, and who could forget monty python. here i thought donald trump ruthless when it came to firing people on the spot, the guy at aol has him beat by a mile, at least do
. >> you see it happening at local level, detroit, cleveland, cincinnati, pittsburgh, kansas city, every time they raisin come taxeraisincome taxes the p, cities like kansas and st. louis, said if we fry to try to hike taxes on income we have to revisit the law to make sure we do not lose population. neil: going around them so maybe rich don't notice? >> it about why we need tax reform. so complicated, that people say enough, they throw up hands say enough, i think this shows we...
74
74
Aug 19, 2013
08/13
by
FBC
tv
eye 74
favorite 0
quote 0
. >> although we do think city employees working for detroit did think th would get a reasonable retirement compensation the pension cut of even 20 percent could be devastating with the mismanagement of the budget is a reason to eliminate pensions. >> the it is helped to elect the same liberal idiots that lost their pension-fund they reaped the benefits now they should pay for their mistakes as the only way we will ever regain control of the lost government. >> great e-mail's. e-mail me. finally, it is frustrating not there as an individual investor first the.com both in the mortgage meltdown then the great recession. it is tough to keep the faith when your portfol and gyms around like a yo-yo but the top story of alternative investments points out the desperate place people will go to get a retn. the trouble there is many have exorbitant fees and the performance does not make it worthwhile to invest a think we should think of alternative investing in a different way but pick something you know, or love or somebody else and starts a new business american ingenuity comes in different package
. >> although we do think city employees working for detroit did think th would get a reasonable retirement compensation the pension cut of even 20 percent could be devastating with the mismanagement of the budget is a reason to eliminate pensions. >> the it is helped to elect the same liberal idiots that lost their pension-fund they reaped the benefits now they should pay for their mistakes as the only way we will ever regain control of the lost government. >> great e-mail's....
51
51
Aug 10, 2013
08/13
by
MSNBC
tv
eye 51
favorite 0
quote 0
and he is taking the narrative from detroit, michigan. it is okay if a city goes bankrupt. as long as we can break the unions, screw the workers and blame it on them and let the rich people run free i can tell you if. this guy is the media darling. he may be one of the toughest media commentaries that has ever been blistered on this guy but dam it, he deserves it. he the people who have worked in the city for 30 years and earned a pension. this narrative that the conservatives are playing out, now in the richett city in america, you know what? you are the problem the biggest voting bloc, the biggest social networking machine the democrats have is organized labor. they're doing everything they can to destroy it across this country. get your cell phones out. i want to know what you think. does mayor michael bloomberg care more about wall street? or workers? you can always go to our blog at msnbc.com and leave a comment there. we'll bring you the results later in the show. >>> how do you turn your back on an american worker? how do you make the case to the public that people t
and he is taking the narrative from detroit, michigan. it is okay if a city goes bankrupt. as long as we can break the unions, screw the workers and blame it on them and let the rich people run free i can tell you if. this guy is the media darling. he may be one of the toughest media commentaries that has ever been blistered on this guy but dam it, he deserves it. he the people who have worked in the city for 30 years and earned a pension. this narrative that the conservatives are playing out,...
68
68
Aug 29, 2013
08/13
by
MSNBCW
tv
eye 68
favorite 0
quote 0
for the first time at a plant near detroit. they hired 1400 new workers for the plant which will produce 15,000 vehicles a year. that's 30% more than in mexico. >> and nintendo cutting the price on the wii u game console to compete with the xbox one and playstation 4. that's in time for the holidays. back over to you. >> don't you love talking about the holidays in august. >> there we go. >> thank you, jackie. speaking of minimum wage, four strippers filed a class action lawsuit in colorado federal court. they claim that their employer, fantasy gentlemen's club in grand junction violated federal and state minimum wage laws. >> ladies just want to get paid. and a delta 4 heavy rocket was launched on wednesday. the classified payload is believed to be $1 billion high powered spy satellite. >>> starbucks is selling a limited crystal incrusted tenth anniversary mug. it's going for $150. >> a popular television commercial selling insurance was the inspiration behind this florida business that brought nomad the camel to work. what's
for the first time at a plant near detroit. they hired 1400 new workers for the plant which will produce 15,000 vehicles a year. that's 30% more than in mexico. >> and nintendo cutting the price on the wii u game console to compete with the xbox one and playstation 4. that's in time for the holidays. back over to you. >> don't you love talking about the holidays in august. >> there we go. >> thank you, jackie. speaking of minimum wage, four strippers filed a class action...
241
241
Aug 30, 2013
08/13
by
FBC
tv
eye 241
favorite 0
quote 0
. >> detroit is now the largest u.s. city to file for bankruptcy it cannot match it -- manages self. >> were at the end of the road. we can borrow any more money. john: detroit was -- now in such a wreck. >> for $1,500 you could buy this house. john: for years politicians promised that they would fix detroit. >> detroit show again become the great city that is its destiny. john: instead. >> they turned city hall into a den of bribes and kickbacks making themselves rich. john: is there hope for places like detroit? >> it will turn around the city of detroit. >> the motor city. this is will we
. >> detroit is now the largest u.s. city to file for bankruptcy it cannot match it -- manages self. >> were at the end of the road. we can borrow any more money. john: detroit was -- now in such a wreck. >> for $1,500 you could buy this house. john: for years politicians promised that they would fix detroit. >> detroit show again become the great city that is its destiny. john: instead. >> they turned city hall into a den of bribes and kickbacks making themselves...
96
96
Aug 19, 2013
08/13
by
FBC
tv
eye 96
favorite 0
quote 0
they are saying is detroit really bankrupt? >> there are a lot of people who will take issue with what detroit is trying to do. it is important to remember before they got here. they are responsible for their own on doing. until a couple years ago, if you are a public safety official in detroit, you could retire at 55 with 80% of your salary and health care. this is the day of reckoning. it is important that this be done right. this is the first city that is trying. dagen: that raises the issue. so many others have been thrown up their. those cities would not act, with day, jason, until it is clear that detroit can do this. >> that is why it is so important here. they are saying that this violates the constitution. you cannot reduce benefits for retirees. that violates the state constitution. what some of us are hoping is these contracts can be renegotiated. if they get away with protecting retiree benefits through this chapter nine filing, what you will see is other cities using chapter nine. we do not want it to happen. that
they are saying is detroit really bankrupt? >> there are a lot of people who will take issue with what detroit is trying to do. it is important to remember before they got here. they are responsible for their own on doing. until a couple years ago, if you are a public safety official in detroit, you could retire at 55 with 80% of your salary and health care. this is the day of reckoning. it is important that this be done right. this is the first city that is trying. dagen: that raises the...
150
150
Aug 15, 2013
08/13
by
FBC
tv
eye 150
favorite 0
quote 0
new york citnew york city to bee fate as detroit. dealing with the pension and health care cost that has mayor bloomberg calling the risk of a bankruptcy a real concern. connell: david lee miller joins us. >> consider this, detroit is the largest u.s. city to ever declare bankruptcy. up to $18 billion. a little more than three months time. they will elect a new mayor, just days ago mayor bloomberg had his words reverberated around new york. >> bloomberg says pension and health care cost contributing to the financial ruins threaten the economic stability. most new york city employees and retirees pay nothing for $6.3 billion in annual health insurance. workers pay little for pension that have taxpayers on the hook for $8 billion this year. spiegel in your city has 10,000 police officers retired were for under 40 and clayton pensions and they will collect the pensions for the rest of their lives. >> expired at least three years ago, the next mayor will be under pressure to win concessions. >> the unions have tried to wait it out. putti
new york citnew york city to bee fate as detroit. dealing with the pension and health care cost that has mayor bloomberg calling the risk of a bankruptcy a real concern. connell: david lee miller joins us. >> consider this, detroit is the largest u.s. city to ever declare bankruptcy. up to $18 billion. a little more than three months time. they will elect a new mayor, just days ago mayor bloomberg had his words reverberated around new york. >> bloomberg says pension and health care...
83
83
Aug 27, 2013
08/13
by
FBC
tv
eye 83
favorite 0
quote 0
your link with what's next. 72 who says that detroit should have all of bankruptcy fun. neil: san bernardino, california, not far behind, city wants to crackdown on union benefits now way out of line, so out of line that city fears without the filing it will be finished, michelle fieldses said better to cramp down on unions now for their own sake as well as taxpayers sake. stuart acuff disagrees and said that the workers were promised their pensions, michelle, you think they have to do this now. >> any decision that takes power away from the union is a good decision, san bernardino was originally i middle class nice area, has turned into tons of foreclosures, and tons of poverty, the reason has to do with unions they got involved in the city council elections they put tons of money to ensure that union-backed piticians got elected and made sure that public sector unions got overly generous with salaries and benefits. neil: you don't think there was a lot of hapless oppositions and the left and right, some of whom never supported by union known who was just clueless? >> t
your link with what's next. 72 who says that detroit should have all of bankruptcy fun. neil: san bernardino, california, not far behind, city wants to crackdown on union benefits now way out of line, so out of line that city fears without the filing it will be finished, michelle fieldses said better to cramp down on unions now for their own sake as well as taxpayers sake. stuart acuff disagrees and said that the workers were promised their pensions, michelle, you think they have to do this...
72
72
Aug 30, 2013
08/13
by
FBC
tv
eye 72
favorite 0
quote 0
john: is there hope for places like detroit? >> it will turn around the city of detroit. >> the motor city. this is will we d
john: is there hope for places like detroit? >> it will turn around the city of detroit. >> the motor city. this is will we d
88
88
Aug 19, 2013
08/13
by
CNBC
tv
eye 88
favorite 0
quote 0
in detroit, it's speak now or forever hold your peace. today is the deadline for written objections to detroit's bankruptcy filing. wdiv's rod maloney is in the motor city with what's on the line. rod, good to have you. >> reporter: thank you, maria. i'm glad to be here. you know, it's one of the things where tonight at midnight, anybody who objects to the bankruptcy filing by the city has to do that. so, in fact, this morning, a large group of detroiters got together out in front of the bankruptcy court here, from the national action network, reverend al sharpton organization, and they started out filling paperwork and submitted it to the bankruptcy court today. it showed up in the filing. along with them were a lot of other creditors looking to try and derail this process. and what many people don't understand about municipal bankruptcy is that you can't just file and then you are in bankruptcy. it is a qualification process. and so, what they're doing here is they're making their objections known to the judge, telling him that they don
in detroit, it's speak now or forever hold your peace. today is the deadline for written objections to detroit's bankruptcy filing. wdiv's rod maloney is in the motor city with what's on the line. rod, good to have you. >> reporter: thank you, maria. i'm glad to be here. you know, it's one of the things where tonight at midnight, anybody who objects to the bankruptcy filing by the city has to do that. so, in fact, this morning, a large group of detroiters got together out in front of the...
81
81
Aug 10, 2013
08/13
by
FOXNEWS
tv
eye 81
favorite 0
quote 0
land in detroit right now is cheap. you can buy a house there if you want, but no one wants to right now. all right. so go elsewhere. >> all right. is part of the solution credit? >> i thought that was how we developed alaska, incentivizing people out there. but the government's had a role of developing this country. the private sector is strong enough now to handle the for profit housing market. there is a way to make money from a lot. there's all of these funds that are buying dilapidated properties. however, when you have a situation that's uneconomic where there is no free market solution, that's when it becomes the role of government. when you've got a house that's dilapidated, it's not going to go away if it's worth nothing like in detroit, for example. otherwise it's like a manmade disaster like a dust bowl. we have to fix up our own mistakes we made. >> okay. john, you've heard it all. >> frannie and freddie are going away, why aren't you celebrating? >> i was just in france, and, believe me, they like texan wea
land in detroit right now is cheap. you can buy a house there if you want, but no one wants to right now. all right. so go elsewhere. >> all right. is part of the solution credit? >> i thought that was how we developed alaska, incentivizing people out there. but the government's had a role of developing this country. the private sector is strong enough now to handle the for profit housing market. there is a way to make money from a lot. there's all of these funds that are buying...
119
119
tv
eye 119
favorite 0
quote 0
detroit needs help. neil: you don't top go there, i got it -- you don't want to go ere i got it. >> i can do it from here. neil: mel car karmazin, a pleas, we know you don't do did that often so thank you we appreciate it. >> thank you. neil: that independent thinking short supply my friend, maybe reason whyear in the deep poop we are in, we'll have more. [ heart beating, monitor beeping ] woman: what doou mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your seen. neil: we're saying we're due for their dip? >> i'm not suggestions we're due for a dip, i am just suggestions that kumbaya that i'm hear with reference is single housing market will not withstand the test of time. >> people
detroit needs help. neil: you don't top go there, i got it -- you don't want to go ere i got it. >> i can do it from here. neil: mel car karmazin, a pleas, we know you don't do did that often so thank you we appreciate it. >> thank you. neil: that independent thinking short supply my friend, maybe reason whyear in the deep poop we are in, we'll have more. [ heart beating, monitor beeping ] woman: what doou mean, homeowners insurance doesn't cover floods? [ heart rate increases ]...
111
111
Aug 20, 2013
08/13
by
FBC
tv
eye 111
favorite 0
quote 0
let the battle begin in detroit. unions are challenging the motor city's bankruptcy filing and cash-strapped cities around the country you can bet are paying close attention. that's next. nicole: we have to check currencies. here is how the u.s. dollar is moving at the moment. right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this&is gonna be big. hp moonshot. it's time to build a better enterprise. together. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pai it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immedi
let the battle begin in detroit. unions are challenging the motor city's bankruptcy filing and cash-strapped cities around the country you can bet are paying close attention. that's next. nicole: we have to check currencies. here is how the u.s. dollar is moving at the moment. right now, 7 years of music is being streamed. a quarter million tweeters are tweeting. and 900 million dollars are changing hands online. that's why hp built a new kind of server. one that's 80% smaller. uses 89% less...
86
86
Aug 21, 2013
08/13
by
MSNBCW
tv
eye 86
favorite 0
quote 0
it's happening in detroit. and the fate of those people, their story, is coming up. >>> but first i want to share the three awesomest things on the internet today. we begin with a microblog's twist on one of the summer's most shared photo trends. behold the hot dog legs tumbler. a site that asks the viewing public to determine whether you're looking at a selfie taken on the beach or two frankfurters like a pair of legs. some are calling it the tumbler of the summer. either way, the man is trying to co-opt the trend, fat cat hot dog conglomerates are guessing the game. as for this broadcaster, when it comes to legs and hot dogs, i always prefer hot dogs that have legs. second awesomest thing on the internet today, a video going viral on youtube which features the gospel choir of an unidentified church giving the congregation very healthy advice in this age of social media. ♪ ♪ yes, keep your business off of facebook. it's advice we could all stand to listen to. some of us more than others. and the third awes
it's happening in detroit. and the fate of those people, their story, is coming up. >>> but first i want to share the three awesomest things on the internet today. we begin with a microblog's twist on one of the summer's most shared photo trends. behold the hot dog legs tumbler. a site that asks the viewing public to determine whether you're looking at a selfie taken on the beach or two frankfurters like a pair of legs. some are calling it the tumbler of the summer. either way, the man...
108
108
tv
eye 108
favorite 0
quote 0
we should compare chicago of today to detroit of today, we should prepare chicago today to detroit of 20, 30 years ago and this is the fulcrum point for this mayor. is he going to take on the public employee unions, nine out of ten city workers are unionized? his political power comes from the unionized work force. the trick the mayor is, how does he take down his political face and cut expenditures and 78% of the budget spending. >> right, i want your judgment because he's got to get, i mean, serious concessions from those unions. he just got to do it otherwise, they're -- i mean, they really are in deep trouble. so, my question. >> right. stuart: can he do it? could he get the concessions from his own base and get them to give back a ton of money? can he do it? >> i think he can get some of it. he's going to try to convince the union leaders and rank and file that they have to take a hair cut and never get enough money from the state of illinois, from the country and the federal government is also broke and there's just no money and no appetite for a bailout of chicago let alone det
we should compare chicago of today to detroit of today, we should prepare chicago today to detroit of 20, 30 years ago and this is the fulcrum point for this mayor. is he going to take on the public employee unions, nine out of ten city workers are unionized? his political power comes from the unionized work force. the trick the mayor is, how does he take down his political face and cut expenditures and 78% of the budget spending. >> right, i want your judgment because he's got to get, i...
97
97
tv
eye 97
favorite 0
quote 0
it is interesting because we do look and say it for the detroit. i don't think people realize they are sitting on something very similar. >> this is something that is going to happen in cities and states all across america. what we see in detroit is a precursor for the fiscal calamities that are going to occur because of unsustainable pensions and unaffordable health care costs. these have added up and we will have to pay for it one way or the other. liz: we are talking about is pensions, what we haven't talked about are the health benefits owed to government workers. i think the american people, the viewers think of themselves we are and are breaking point with property taxes and we won't pay for necessities have to merge with each of the. we are seeing that in california where cities are merging to take care of the cost of urban sprawl which is too expensive and doesn't work. >> these costs of course are not going away no matter how you restructure its things and you're absolutely right. when it comes to health care costs the unfunded liability f
it is interesting because we do look and say it for the detroit. i don't think people realize they are sitting on something very similar. >> this is something that is going to happen in cities and states all across america. what we see in detroit is a precursor for the fiscal calamities that are going to occur because of unsustainable pensions and unaffordable health care costs. these have added up and we will have to pay for it one way or the other. liz: we are talking about is pensions,...
95
95
Aug 10, 2013
08/13
by
FOXNEWSW
tv
eye 95
favorite 0
quote 0
we will not stop watching out for you. ♪ ♪ >> david: well, first detroit goes bust. will new york and chicago be next? the mayors of those two cities warning that their public pension costs are growing totally out of control, which is really what did in detroit. and many other cities are facing the same time bomb. is this proof it's time to scrap public pensions before they all go bust? hi, everybody. i'm david asman. welcome to "forbes on fox." let's go in focus with steve forbes, john candy, rich carlguard, elizabeth mc donald. should we scrap the public pensions? >> yes. get rid of them. what is public service? a sacrifice. it's supposed to be a
we will not stop watching out for you. ♪ ♪ >> david: well, first detroit goes bust. will new york and chicago be next? the mayors of those two cities warning that their public pension costs are growing totally out of control, which is really what did in detroit. and many other cities are facing the same time bomb. is this proof it's time to scrap public pensions before they all go bust? hi, everybody. i'm david asman. welcome to "forbes on fox." let's go in focus with steve...
148
148
Aug 25, 2013
08/13
by
CNN
tv
eye 148
favorite 0
quote 0
i think if the detroit region comes back, i think detroit city may find its role within that region. >> detroit seems to be a story that's sort of at some, in some ways -- opposed to your book and your thesis. because it is a classic case where people left the city for the suburbs, you know, crime grew, it became a negative spiral, more and more -- and the well to do white middle class and upper middle class, just fled the city. they're doing fine i suppose in the outer suburbs, but the city itself imploded. >> it's sort of an outdated narrative. that was the path that everyone beat in the '50s and '60s and '70s, you had the white flight. that's not happening any more. i would agree with jennifer that detroit in many ways is an outlier. in many ways. but one interesting thing about detroit, is planners are looking at it as a great model of how to shrink. that is the proper response. because you need to shrink the city to meet the demands of its inhabitants, otherwise you have abandoned buildings and that fosters more crime, not good for young children to see that growing up. >>> when
i think if the detroit region comes back, i think detroit city may find its role within that region. >> detroit seems to be a story that's sort of at some, in some ways -- opposed to your book and your thesis. because it is a classic case where people left the city for the suburbs, you know, crime grew, it became a negative spiral, more and more -- and the well to do white middle class and upper middle class, just fled the city. they're doing fine i suppose in the outer suburbs, but the...
96
96
Aug 6, 2013
08/13
by
MSNBCW
tv
eye 96
favorite 0
quote 0
>> voters in detroit head to the polls today to whittle down the little of mayoral candidates. they caution ruls may not be known for weeks because of several write-in campaigns. >>> chelsea clinton is leaving the door open for future political ambitions. while working for the clinton foundation in africa, she said following her parent's footsteps is still an option for her. >> i hear my grandmother's voice in my head every day. life is not what happens to you but what you do with what happens to you. i led a private life for a long time. and i'm atemed to leading a purposely public life. >>> and mark zuckerberg is calling for immigration reform. students will be tomorrow's s p entrepreneurs. >>> a water park in texas has found a really inventive way to keep their patrons cool. look at that. they created an ice dump where staff dumped a full ton, 2,000 pounds of ice on to swimmer. >> they are chanting "we want ice reques ice." >> let's take a look. the problems out there this morning is in missouri. we have flash flooding that's in mostly rural sections of missouri. on i-44, a
>> voters in detroit head to the polls today to whittle down the little of mayoral candidates. they caution ruls may not be known for weeks because of several write-in campaigns. >>> chelsea clinton is leaving the door open for future political ambitions. while working for the clinton foundation in africa, she said following her parent's footsteps is still an option for her. >> i hear my grandmother's voice in my head every day. life is not what happens to you but what you...
86
86
Aug 20, 2013
08/13
by
MSNBC
tv
eye 86
favorite 0
quote 0
it started right here on the banks of the detroit river in detroit, michigan, and yes, that is a giant nasty pile of something called pet coke. back in may "the new york times" highlighted what they described as a black mound of canadian oil waste rising over detroit. that oil waste is something called petroleum coke, a high sulfur, high carbon waste by-product of canadian oil sands. the pet coke that residents started spotting was put there by a company that owned it, a company call koch carbon, owned by the koch brothers. they started piling up all of this pet coke on banks of the detroit river before preparing to ship it off to other countries to be used as fuel. in addition to be a hideous eye sore, the pile also posed a potential health risk. we've got some video shot last month. look at this. look at that along the banks of the detroit river showing the black dust from the pet coke pile being kicked up in a storm that hit the area and just spreading everywhere. that black dust started blowing into nearby homes in detroit coming right through the windows. one local resident tellin
it started right here on the banks of the detroit river in detroit, michigan, and yes, that is a giant nasty pile of something called pet coke. back in may "the new york times" highlighted what they described as a black mound of canadian oil waste rising over detroit. that oil waste is something called petroleum coke, a high sulfur, high carbon waste by-product of canadian oil sands. the pet coke that residents started spotting was put there by a company that owned it, a company call...
107
107
Aug 10, 2013
08/13
by
FOXNEWS
tv
eye 107
favorite 0
quote 0
look at pictures of detroit today. you see some of the devastation, some of the blighted communities, but yet, there are some people there moving back in and trying to do their best to actually hold their heads above water. what do they have to do to bring this city out of bankruptcy and into a place of promise again? >> well, i think that one of the first things is to have a city run by people that are credible. and -- that people believe if they come in there to try and do something, that -- whatever terms they get are going to be realized. and that when they start building something, it is not going to be torn out from underneath them and retraded like a tax break or things like that. where you find municipalities and states trying to track new business by using hose methods. so i think that's a first step. they have got to make sure that they remain credible and right now i think that's a really big issue. if they can do that, then i think that the next step is to bring in tax breaks and other incentives for new in
look at pictures of detroit today. you see some of the devastation, some of the blighted communities, but yet, there are some people there moving back in and trying to do their best to actually hold their heads above water. what do they have to do to bring this city out of bankruptcy and into a place of promise again? >> well, i think that one of the first things is to have a city run by people that are credible. and -- that people believe if they come in there to try and do something,...
199
199
Aug 26, 2013
08/13
by
MSNBCW
tv
eye 199
favorite 0
quote 1
i think the federal government should write a check to detroit. i think the federal government should do those kinds of things to all municipalities having trouble. why not? it's in our country. and it can get paid back. i believe in workers, i believe that detroit can turn it around. our next question is from anita. why are the gop -- why is the gop talking impeachment when president obama has done nothing wrong because they have nothing else. and they do believe they can ginn up enough fear and enough enthusiasm to get people to believe this is something that actually could happen. they also do want a vote on impeachment in the house so they can get on record that they have impeached the last two democratic presidents and just stick in the minds of the young people of america that you know the democrats you just can't trust them. they've all got to be impeached. i believe this is as much of a generational signature as it is anything else. stick around. rapid response panel is coming up next. i'm julia boorstin. the dow dropped 64 points. the s&p
i think the federal government should write a check to detroit. i think the federal government should do those kinds of things to all municipalities having trouble. why not? it's in our country. and it can get paid back. i believe in workers, i believe that detroit can turn it around. our next question is from anita. why are the gop -- why is the gop talking impeachment when president obama has done nothing wrong because they have nothing else. and they do believe they can ginn up enough fear...
139
139
tv
eye 139
favorite 0
quote 0
is but their pension obligations are, their pension system is in worse shape than detroit's, detroit's system is considered an argument how well funded it is but they have four pension systems in chicago, one of them is only 25% funded and the other one is only 38% funded. lori: may be funded through property taxes. no one will raise property taxes. >> interesting you say that. former chief financial officer of chicago did an estimate, in order to pay the bill they would have to raise property taxes 50% to 100%. lori: who is going to vote for that? >> the illinois constitution says you have to pay the pensions so here you have the immovable object and irresistible force. >> any other sources? >> no matter where the money comes from is coming from taxpayers, not the state of illinois. they are a fiscal mess. they don't have enough money to put in their pension system. they have been borrowing billions every year and i can't think of another state with a fiscal problem that the level they do so is not from illinois. lori: is in a domino situation? we watched detroit and now chicago, woul
is but their pension obligations are, their pension system is in worse shape than detroit's, detroit's system is considered an argument how well funded it is but they have four pension systems in chicago, one of them is only 25% funded and the other one is only 38% funded. lori: may be funded through property taxes. no one will raise property taxes. >> interesting you say that. former chief financial officer of chicago did an estimate, in order to pay the bill they would have to raise...
118
118
Aug 27, 2013
08/13
by
MSNBCW
tv
eye 118
favorite 0
quote 0
we have to have a new economy in the city of detroit. we also have to do something with our education system, although the mayor does not run the school system, the mayor needs to be the strongest advocate of education this city has ever seen. we're failing miserably at educating our children. my grandfather was a share cropper with a third grade education. he stressed to all of us how important education was and how it can lift you up out of the circumstance you're in. that's why we have to educate the children of detroit. we had some issues with blight we had to clean up. those will be the things at the top of me agenda. >> does sound like the thing you're going to be able to control quickly on the law enforcement front. you're a sheriff, county wide official. does that mean, are you going to look for money to hire more cops on the streets? what does it mean? i'm curious, do you favor programs like stop and frisk? i know the mayor of philadelphia is somebody who would like that tactic, though not to do it via profiling. >> you know, st
we have to have a new economy in the city of detroit. we also have to do something with our education system, although the mayor does not run the school system, the mayor needs to be the strongest advocate of education this city has ever seen. we're failing miserably at educating our children. my grandfather was a share cropper with a third grade education. he stressed to all of us how important education was and how it can lift you up out of the circumstance you're in. that's why we have to...
85
85
Aug 11, 2013
08/13
by
MSNBC
tv
eye 85
favorite 0
quote 0
. >> or detroit where you can still pick up a house for $10,000. but then you're not in -- as you point out, people make housing choices on schools, economic opportunities, jobs. >> let me ask you this. when we looked at the disparities in subprime loans, 2006, 30% of these loans went to women. much likely men to get subprime mortgages. even high-in come african-american borrowers were likely to get subprime mortgages than white borrowers. was that about being a bad decisionmakers, women aren't good with their money or are we seeing targeted behaviors and those behaviors are still unaddressed? >> additionally these lenders targeted elderly african-american women with high equity in their homes. when they perfected this whole process of scamming people out of their equity, they rolled it out to communities of color, primarily african-american communities, because they didn't have enough people who spoke spanish to hit that community. they hit the spanish community later. but it was a targeted theft of equity in homes. to get that equity they used th
. >> or detroit where you can still pick up a house for $10,000. but then you're not in -- as you point out, people make housing choices on schools, economic opportunities, jobs. >> let me ask you this. when we looked at the disparities in subprime loans, 2006, 30% of these loans went to women. much likely men to get subprime mortgages. even high-in come african-american borrowers were likely to get subprime mortgages than white borrowers. was that about being a bad decisionmakers,...
161
161
Aug 7, 2013
08/13
by
FOXNEWSW
tv
eye 161
favorite 0
quote 0
. >> did he mention detroit? >> of course he talked about detroit. >> i distinctly remember -- >> of course he has. >> we're going to leave it there. >> right. >> ladies. >> thanks, sean. >> today was the first day of the trial for major nadal hassan. remember workplace violence. the alleged foot hood shooting gunman. he put on a disgusting display in the courtroom tonight. we're going to head down to tex texas. we have a brutal beating on a florida school bus all caught on tape. we'll show you what happened and examine why nothing was done to stop this. you get to select tonight's video of the day. it appears a bear wanted a late night snack, it went to great lengths to get one. hey, boo boo. you can also vote on twitter@seanhannity. it's a stationery and gifts store. anything we purchase for the paper cottage goes on our ink card. so you can manage your business expenses and access them online instantly with the game changing app from ink. we didn't get into business to spend time managing receipts, that's why
. >> did he mention detroit? >> of course he talked about detroit. >> i distinctly remember -- >> of course he has. >> we're going to leave it there. >> right. >> ladies. >> thanks, sean. >> today was the first day of the trial for major nadal hassan. remember workplace violence. the alleged foot hood shooting gunman. he put on a disgusting display in the courtroom tonight. we're going to head down to tex texas. we have a brutal beating on a...
96
96
tv
eye 96
favorite 0
quote 0
think detroit. >> thinking detroit, we're going to take up that issue later here in the brocast with a congressman who wants the federal government to step in, do you think that that is going >> the house of representatives and the senate are not going to allow the president to throw american taxpayer money at detroit or other failed cities. detroit has had decades of warnings. they were spending too much, regulating too much, driving people out of the city, governing poorly. they didn't care, they thought they would be bailed out, they thought other people would pay for their mistakes and the answer is no. enough cities and many states have begun to turn themselves around on unfunded pension liabilities and civil service costs. those states, utah and wisconsin and new jersey and louisiana, those states are not going to loot their taxpayers to pay for cities andtates that didn't do anything to take care themselves. not happening. >> and let's turn now to immigration. word out today, breitbart.com reporting they have corroborating sources saying congressman bob goodlatte is ready to r
think detroit. >> thinking detroit, we're going to take up that issue later here in the brocast with a congressman who wants the federal government to step in, do you think that that is going >> the house of representatives and the senate are not going to allow the president to throw american taxpayer money at detroit or other failed cities. detroit has had decades of warnings. they were spending too much, regulating too much, driving people out of the city, governing poorly. they...
239
239
Aug 16, 2013
08/13
by
CNBC
tv
eye 239
favorite 0
quote 0
. >> texas isn't detroit. but does detroit have any impact on what was happening with that muni bond? >> i think it is, it is scarying investors. it's very tough to be a retail investor in a lot of these markets right now. because you don't have the visibility. you mentioned the detroit situation. that's going to be interesting. the thing that's going on in california also, there is a lot of things set about who has priority in these cases. >> are you talking specifically the town considering taking back through em90 domain? >> that's not really what i'm talking about. it's more about the fight between the pensioners and the hoerlsd and the rest of the players in these situations. >> it could happen on a federal level. you are talking a 30-year bond. it's a long time to hold out. >> definitely. at 10%. that's a crazy number. so my.is the that any sort of normalization of these markets will see those, a nice inflation and total return in a i'm in like that. so we like those things. there are more and more of th
. >> texas isn't detroit. but does detroit have any impact on what was happening with that muni bond? >> i think it is, it is scarying investors. it's very tough to be a retail investor in a lot of these markets right now. because you don't have the visibility. you mentioned the detroit situation. that's going to be interesting. the thing that's going on in california also, there is a lot of things set about who has priority in these cases. >> are you talking specifically the...
70
70
tv
eye 70
favorite 0
quote 0
it is in trouble like every state in the nation, but no shape like detroit. you want to be here in the summer in chicago. if i moved, i would probably move in the winter. stuart: it is a friday morning and summer. i see people ripping up contracts behind you and chucking it behind you. larry, the fed is still all about when ben quits or reduces printing, isn't it? >> where the dallas fed president the last couple of days talk about how complicated of a situation this is. that is looking the market little bit but not a whole lot. the stock index trading bejg me still sitting at all-time highs. wwe're thinking but when is bernanke going to be talking about it. that is when the market will really get spooked and lose a lot of ground. stuart: thank you very much, indeed, out there in chicago. the opening bell is ringing. we expect the (to be lower, and it is. this will be a slow trading session, a thin market, thinly traded, but expecting 30 points down in the first few minutes. i want to know about priceline. the stock has been up by about a half this year. had
it is in trouble like every state in the nation, but no shape like detroit. you want to be here in the summer in chicago. if i moved, i would probably move in the winter. stuart: it is a friday morning and summer. i see people ripping up contracts behind you and chucking it behind you. larry, the fed is still all about when ben quits or reduces printing, isn't it? >> where the dallas fed president the last couple of days talk about how complicated of a situation this is. that is looking...